Quote:
Originally Posted by Russell996
I would be surprised if most people are insuring with mugging as their main reason, I am insuring my watches with the expectation that if needed it will be to cover damage during wearing, loss from my wrist during wearing, loss in transit, theft whilst out of the home where the piece is removed (hotel or gym etc) and finally theft from my home - possibility of theft from my wrist is ever present but probably the least likely of the events covered by my insurance. In your scenario it sounds like the thieves don't know and indeed don't care if you are wearing an expensive piece.  |
I simply did a risk vs cost assessment.
In over thirty years I've never been burgled and had a watch taken or damaged a watch beyond a small scratch. And now I take care where I wear them if I'm in a large city.
In fact the only time I was robbed was on my insurance premiums
I'm not arguing against taking insurance, I just made a personal decision to cancel mine.